Pepper gains on sellers withdrawal

Updated - January 09, 2018 at 01:33 PM.

BL15-PEPPER

Spot pepper prices moved up on Thursday on sellers’ withdrawal following the Centre’s imposition of minimum import price of ₹500 per kg yesterday.

At this rate the invoice should have to be at around $7,700 a tonne, trade sources told Business Line .

There were neither any arrivals nor any offtake at the terminal market, they said.

Spot prices gained by ₹200 a quintal to ₹38,100 (ungarbled) and ₹40,100 (garbled). Export prices were at $6,475 a tonne c&f for Europe and $6,725 for the US.

Published on December 7, 2017 15:51